Have you guys recently been shouting in the group, "Some whale is entering, quickly follow"... I really find it nerve-wracking to watch. On-chain, that bunch of large orders are often not for building positions, but for hedging: buying spot to make it look like they are accumulating, while simultaneously opening opposite positions in perpetuals/options, or even doing cross-chain arbitrage, leaving retail traders only emotional fluctuations.

The simplest way I usually categorize it is by focusing on two things first: whether the position is gradually accumulated in batches or a single big move in and out, and whether there are synchronized opposite legs later (like within the same block or a few minutes apart).
Now there's also talk about validators earning too much, MEV front-running, unfair ordering—basically, you think you're following a whale, but you're actually just eating dust behind someone else's heels... Anyway, I’d rather wait and confirm whether they are adding to their position or just hedging.